Today's West Midlands business news from Insider |
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West Midlands
Thursday 28 May 2020

Latest News

Top Story

Software firm eyeing “fresh capital”

The board of a Coventry cloud-based software company is "reviewing strategic options to introduce fresh capital" to the listed business.
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Insider Feature
Feature 1

Business Matters: Coronavirus, Innovation and Intellectual Property - Lessons learned from the financial crash

Philip Cupitt, partner at Marks & Clerk, looks at the lessons learnt from the financial crash.
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Deals

Major loan secured by third-generation food supplier

A third-generation family-owned food supplier has secured a £750,000 loan to help keep its operations running smoothly during the current pandemic.
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Birmingham bucks West Midlands foreign investment trend

Birmingham secured the third largest amount of foreign direct investment in the UK last year, according to a new report. However, the West Midlands as a whole saw a 23 per cent decline to its lowest since 2014.
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Lenders hit £27.5bn coronavirus milestone

Lenders have approved £27.5bn to more than 650,000 businesses so far through the three major government-backed lending schemes, according to new figures.
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Biotech firm raises £1.2m

A Coventry biotech business has raised £1.2m for a new hand-held device that allows paramedics and emergency doctors to quickly diagnose patients who are having a stroke.
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Boohoo acquires remaining Prettylittlething stake in mega deal

Boohoo has acquired the remaining shares in Prettylittlething in a deal which could be worth up to £323.8m.
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New lenders approved for CBILS

Four new lenders have been approved for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS).
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Insider Feature
Feature 2

Ask the expert: Brexit is just over the horizon – Are you ready?

Terri Bruce, director of indirect tax for SMEs and not for profits at Dains, looks at the effect of Brexit on businesses.
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Business

Revenue jumps at acquisitive listed company

Revenue jumped at an acquisitive Rugby-based listed company which provides cooking oil filtration and fryer management services to restaurants, according to new figures.
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New CEO for group behind water business

A new group chief executive has been appointed by the business behind a water company which serves South Staffordshire and Cambridge.
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easyJet to cut 30 per cent of workforce in major restructure

easyJet has revealed to cut staff numbers by about 30 per cent as it attempts to get back on track following the coronavirus crisis.
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John Lewis details gradual store reopening plan

Retail giant John Lewis has detailed plans to gradually reopen its shops from 15 June.
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Insider Feature
Feature 3

Ask the expert: Science Of Sanitisers (SOS)

Andrew Howell, MD of BCB International Ltd, says we now know that hand sanitisers are one of the vital defences in our armoury in the fight against Coronavirus; part of the new “norm” for the future. However, even among professionals, there is much confusion over what hand sanitiser to use. Not all are equal to the job in hand.
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Property

Speedway set for £16.8m transformation

A former speedway is to be transformed into an £16.8m industrial and warehouse scheme which will create hundreds of jobs, after the go-ahead was granted.
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Sale of prominent city centre buildings moves forward

Plans to sell a collection of three prominent buildings in Birmingham city centre, including a pair of grade II-listed properties, have moved a step forward.
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Housing delivery advisory group established

A new advisory group has been formed to support the delivery of housing in the West Midlands.
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Vote on 188-home plan pushed back

A vote on whether to approve plans to construct 188 new homes in Warwickshire has been pushed back.
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Manufacturing

Tandem’s bike sales surge 77 per cent

Tandem's bicycle sales have surged 77 per cent ahead of the prior year because of the impact of the Covid-19 crisis.
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Blinds maker targets doubling turnover and creating new jobs

A Warwick company that specialises in manufacturing blinds for complex buildings is planning to more than double turnover and take on new staff.
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Manufacturer secures supplier development place

A Shropshire manufacturer of precision components has been selected to take part in a supplier development programme by Collins Aerospace.
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Building products maker “cautiously” ramping up operations

Building products maker Epwin Group has outlined its "cautious" plan to ramp up its operations to match the level of demand.
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Other News

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Member Exclusive News

Drive-thru Covid-19 testing centre to open at bet365 Stadium

A drive-thru coronavirus testing facility is to open at Stoke City's bet365 Stadium.
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Warks launch new website

Warwickshire County Cricket Club have launched a new website through their partnership with a Birmingham-based digital agency.
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Services & Guides

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Best Places to Meet

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